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Ask HN: Has Argentina really lowered its inflation rate?
I have seen a lot of news that their monthly inflation rate as low as 5 percent for August.
Is that correct?
- deleted 2y ago[deleted]
- JojoFatsani 2y agoDo you believe credible news outlets or do you believe anonymous commenters on a technology forum?
- bnormative 2y agoI believe hn users who claim to be from argentina or somewhere near, that's it. If I see one such comment, it might still be misleading but If it is tens of such people, it would be legit enough to believe.
- riffraff 2y agoYou can't measure inflation via comments, cause inflation is a basket. People can say they see no change in prices because they don't buy everything in the basket, or the opposite. For example, inflation where I live is ~10% but eggs have doubled in price in one year. It's not that the statistics office lies, it's just considering more things, and e.g. public transport had 0% inflation.
- meiraleal 2y agoPretty much the opposite. Poverty doubled in the last 12 months in Argentina, things are going really bad there
- pilaf 2y agoMonthly inflation since December 2023 has followed these numbers: * Jan - 20.6% * Feb - 13.2% * Mar - 11% * Apr - 8.8% * May - 4.2% * Jun - 4.6% * Jul - 4% So yes, inflation has gone down. Inflation for August is not yet known, as it's only measured for the completed month and revealed a couple weeks into the following month. It's expected that August should also hover around 4% though. For comparison here are the last 6 months of 2023: * Jul - 6.3% * Aug - 12.4% * Sep - 12.7% * Oct - 8.3% * Nov - 12.8% * Dec - 25.5% Source: https://www.indec.gob.ar/indec/web/Nivel4-Tema-3-5-31 https://www.indec.gob.ar/indec/web/Nivel4-Tema-3-5-31